PRESS

ABOUT MYCREDITCHAIN

OVERVIEW

Bringing the ownership of and control over personal data back to data subjects.

The MCC’s user consent platform enables a data subject to exercise the full ownership and control over
his/her personal data. With this unique feature, an individual can easily manage their own data and receive
a fair compensation from the data consumer.

MyCreditChain builds a marketplace where corporations can get a proper access to most
up-to date and accurate data.

Corporations can get hands on massive potential consumer data in the MCC Ecosystem. The data provided
within the ecosystem is in scope and depth unseen before because individuals are willing to reveal their
own preferences, the most effective and wanted marketing tool for corporations, due to the MyCreditChain’s
incentive mechanism.

Secured personal and credit data handling and management.

The data handled in the MyCreditChain ecosystem will be encrypted and stored in a distributed database.
The data will be kept secure since there is no centralized platform to be hacked, and it is automatically
deleted after the data is being used.

Trust Data will be produced within the MyCreditChain ecosystem.

MyCreditChain aims to produce Trust Data, which provides a multi-dimensional depiction of an individual’s
trustworthiness. Trust Data can be used in not only the financial sector, but in every industry that looks
for a means to have a deeper understanding of customers’ social and economic value. It will unlock the
limitations of traditional credit rating models.

MCC ECOSYSTEM

MyCreditChain aims to unlock the limitations of the centralized system and build a
blockchain-based decentralized platform.1. Revenue shared, fairly and transparently2. Data-driven
marketplace, a win-win situation for every participant

The 3rd Party is the participant who provides the required technologies, additional analytical data or
additional collected data by utilizing the data in MCC platform. 3rd Party will be compensated for
contributing such features to the platform.

Various business opportunities, such as data scraping, processing and analysis, etc.

Creating significant added value to the data by utilizing the data in the ecosystem.

Resale of the processed data for profits.

MECHANISM

It is the process by which a company requests data in MCC ecosystem. When a company requests
personal data, MCC network collects data from social media, telecommunication companies, public institutions,
financial institutions, etc., with individual’s approval. In this process, the information buyer pays to the
individual and the tokens are shared between the MCC ecosystem participants and the individual.

Data Consumer refers to a corporation in the MCC ecosystem. All Data Consumers are required to
satisfy the basic rules and conditions for authentication to join the ecosystem. They can have an
access to the data, specifically targeted fro their business purposes, as they pay the data subjects
in MCC tokens.

3rd Party refers to any individual or enterprise that processes the data generated within the MCC
ecosystem for various purposes, e.g., data scraping technology provider, big data analyst, credit
bureau, etc. 3rd Party will register the reasons for providing the data in the MyCreditChain
ecosystem and ensure the integrity of it. Its reliability is examined and verified by MyCreditChain.3rd
Party provides technologies and analytical data, and acts as a node operator within the ecosystem.
3rd Party will be compensated for contributing such features to the platform.

When Personal data is collected, it is cut into pieces, encrypted and stored in IPFS and on a personal
device. Cutting data into pieces and storing each part separately enable safe storage of and quick access
to the collected data. The collected personal data is accessible only if all pieces of it are aligned,
thereby increasing its security. Thus, data breaches on IPFS will not leak the stored data. Information
generated from the MCC Seed Networking will be encrypted and stored secure in a private blockchain.

Any participant can request an access to Trust Data from data subjects. To have a proper access to
Trust Data, a requestor must get data subjects’ consent and pay them. When Data Consumers make a request
for Trust Data, they shall set out terms and conditions for the request. Data subjects with the
corresponding data will receive a notification. The Data subjects can check the terms and conditions, and
consent to or veto the request via MCC App.

You cannot make changes to your personal information in the MCC ecosystem because your personal
information stored within the ecosystem is directly collected from various organizations’ websites, by
using MCC’s data scraping engine. Thus, the data handled within the MCC ecosystem is accurate and most
up-to-date. If you were to make changes to your personal information in the MCC ecosystem, you must make
changes to your personal data stored in the original sources.

Trust Data refers to the data generated within the MyCreditChain platform. Trust Data, verified its
reliability and applicability by MCC, reflects a multi-dimensional depiction of an individual’s
trustworthiness, which can be utilized for various purposes. It can be categorized into three types.

General Trust Data
Data specifically targeted for Data Consumer’s needs, e.g., annual income, years of working, financial
stability, social media information, etc. Data Consumers can use General Trust Data to implement their
marketing strategy, and target their customers.

Packaged Trust Data
Data Set selected from the entire data within to platform based on the need of a Data Consumer. With
Packaged Trust Data, Data Consumers can get multi-dimensional depictions of their customers.

MCC Reliability Measure
MCC Reliability Measure is generated via MCC Seed Networking. When MCC Reliability Measure and MCC Trust
Data are combined, a new type of information that reveals individuals’ interpersonal networking is
created. This unique quality of information, then, can be used for various purposes, such as loan
service, recruitment, etc.

Every individual within the MCC ecosystem is given five seeds at 00:00. They can be given to
anyone in and outside the MCC network. Seeds do not have value in themselves unless they are given
from someone else. If seeds are not given to someone within 24 hours, they will be evaporated. Also
if one receives seeds from the same person two or more days in a row, the value of seeds will
decrease.The seeds are to give and build relationship among MCC participants. The transactions
of seeds and their flows will be utilized for MCC Reliability Measure.

Fruit is a 1 : 1 ratio to MCC tokens, and is a medium of exchange within the MCC ecosystem. Seeds
turn into Fruit when they are given from someone else. If one receives seeds from the same person
two or more days in a row within 10 days, the value of fruit will decrease as follows.

When receiving seeds from the same person two days in a row, the value of fruits
received on the second day will be decreased to 1/10 of the initial value.

When receiving seeds from the same person after 9 days, the value of fruits
received on the 9th day will be decreased to 9/10 of the initial value.

There will be no decrease in value after 10 days have passed from the initial
receiving.

It is an ERC20 based token and can be converted to a 1:1 ratio with the fruit. One can get MCC
token by Seed Networking, or purchasing it from exchanges. 10,000 MCC tokens are distributed through
the Seed Networking each day.